Six Sigma and the Pandemic - Continuous process improvement during a “Black Swan” event
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Coronavirus has disrupted supply chains for nearly 75% of U.S. companies (Axios, Feb. 2020). Learn how your organization can get back on its feet with the tools, techniques and strategies of Lean Six Sigma.
What you can learn.
- Gain perspective on the current state of Six Sigma and opportunities for emerging pandemic related needs from small to large organizations
- Design projects around all three methodologies – DMAIC, DMADV, and LEAN
- Have a general understanding of Six Sigma tools, techniques, and processes
- Develop an understanding of utilizing a structured methodology to problem solve from simple to complex integrated processes
- Obtain insight into driving critical decision points into problem-solving based on objective data instead of subjective opinion
- Review THREE key Six Sigma tools that can map pandemic related supply chain disruptions
About this course:
A “Black Swan” event is defined and characterized as being of extreme rarity, severe impact, and the widespread insistence that the event was obvious in hindsight. The global economy's just-in-time supply chain has never faced a disruption quite like this one. Products from major American companies including Apple, GM, Coca-Cola and even Facebook may soon become unavailable, as the fallout from the COVID-19 outbreak backs up and shuts down global supply chains. The COVID-19 outbreak has caused supply chain disruptions for nearly three-quarters of U.S. companies, and many are already pricing in revenue losses this year as a result.
The virus' impact has not yet been quantified, but the survey from the Institute for Supply Management — the first of its kind — shows just how widespread its impacts have already been for American businesses. For a majority of U.S. businesses, lead times have doubled, and that shortage is compounded by the shortage of air and ocean freight options to move products to the United States.
During a period of change, uncertainty, and fear, Six Sigma has once again proved to be a resilient and innovative methodology that can help guide businesses and organizations steer back towards success. As businesses slowly recover after shutdowns caused by the coronavirus outbreak, Lean Six Sigma methodologies offer strategies and tools that can help get them back on their feet.